Participants attend the groundbreaking ceremony of a new energy industrial park of SAIC Motor-CP, a joint venture between SAIC Motor Corp and Charoen Pokphand Group, in Chon Buri, Thailand on April 30, 2023. (Xinhua/Wang Teng)
As Thailand's new EV registrations experience a steady increase in Q1, SAIC's new energy park is expected to attract core component suppliers and further bolster the supply chain capability.
BANGKOK, May 1 (Xinhua) -- Chinese car manufacturer SAIC Motor on Sunday expanded its current portfolio in Thailand by breaking ground on a new energy industrial park as part of its long-term development plan in the Southeast Asian country.
The new energy park in Chon Buri province's Eastern Economic Corridor Special Zone, spanning 120,000 square meters, features a power battery plant, a production line for EV components, a container yard, and a logistics warehouse to enhance transportation efficiency.
The industrial park is expected to attract core component suppliers and further bolster the supply chain capability upon completion.
SAIC Motor workers produce batteries for electric vehicles in a workshop in Changzhou, China on Feb. 16, 2023. (Xinhua/Li Bo)
Zhao Feng, president of SAIC Motor-CP, a joint venture between SAIC Motor Corp and Charoen Pokphand Group, said that the new park will provide crucial support for Thailand's transformation towards a "green and low-carbon" society.
SAIC's MG brand, which entered the Thai market in 2013, became one of the most popular brands among Thai customers, with over 180,000 users in the country, Zhao said.
SAIC's MG4 EV is displayed at the Brussels Motor Show on Jan. 13, 2023. (Xinhua/Zheng Huansong)
Thailand aims to become an EV production hub, with EVs accounting for 30 percent of its total vehicle output by 2030.
As a result of government stimulus and subsidy policies, the preference for electric cars has significantly strengthened among both electric vehicle makers and consumers in recent years.
Last month, another Chinese EV giant BYD broke ground on its Thailand factory, slated to commence production in 2024, with an annual capacity of 150,000 new energy vehicles.
This photo taken on March 2, 2023 shows BYD electric cars at the Pannita Auto Fair in Yangon, Myanmar. (Photo by Myo Kyaw Soe/Xinhua)
According to data released on Thursday, Thailand's new EV registrations have increased steadily in the first quarter of this year. In March, new battery electric vehicle (BEV) registrations reached a record high of 8,522 units.
During a Bangkok motor show, which ended earlier this month, SAIC received nearly 4,000 orders, ranking third among all participating automakers. ■
